The Environment That Affects the Number and Types of Competitors

question 58

Multiple Choice

The environment that affects the number and types of competitors a marketing manager must face and how they might behave is called the ________ environment.

• A) cultural
• B) social
• C) economic
• D) political
• E) competitive

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Definitions:

Disposable Income

Money left after taxes and social security contributions have been subtracted, which can be either spent or saved according to personal preference.

Aggregate Spending

The total spending in an economy, including consumption, investment, government expenditures, and net exports.

Discretionary Fiscal Policy

The deliberate manipulation of government purchases, taxation, and transfer payments to promote macroeconomic goals, such as full employment, price stability, and economic growth

Taxation

The practice by which a government imposes financial charges on its citizens or residents to fund public spending and various public expenditures.